St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-12
FINANCIAL.
New York.

New YORK, May 11.-Money on call easy at
4Gl7 per cent; closed offered at ) per cent
Prime mercantile paper 5l206l2 per cent.
Sterling exchange duh and weak at 81 S5l2
for 60 days and S4.s6l2 for demand. The
improvement in values begun yesterday after
noon made further progress to-day, and I'M
der mere extended interest in the dealings
the market recorded larger sales than have
been seen for over Il week. The Baltimore d
ONO deal again became Il subject of discus
sion more especially as regards the probable
lty of the Western Union becoming party
Assertions that such will be the fact were
plentiful and had considerable influence
upon the market. Western Union
stock itself was unusually active and
the trading i'll at times attended with cOnsid
cradle excitement. \ powerful factor in the
improved feeling was was also favorable re-
ports of railroad earnings for the first week
III May. Many operators who have lately
held alo0f from the market were buyers to-
d ny, and several of the leaders of the street
are reported 10 have changed from the
bear to the bull side Chicago bought the
Changers freely, and the latter once more
became prominent in the dealings. The for
eigners bought the Northern Pacific stocks
and many of their specaltics. st. Paul &
Duluth was remarkably strong. by reason Of
the proximity Of the June elections, when it
is, expected that another attempt
will he made to force di-
vision of profits to the holders of
the common stock. The East Tennessee was
again strong on good foreign demand, and
among the other specialties which showed
marked strength were Colorado Coal Long
Island and Pullman. The opening was
somewhat irregular, but generally firm, and
was followed by quiet, market, in which
there was no decided movement in prices,
although fractional advances were made
throughout the list during the forenoon
After II o'clock, however, the market dis
played much more animation. Western
Union and the Changers taking first place in
the dealings. a stronger tone was devel-
oped and at p. m. advances had been es-
tablished ranging up to = per cent, the lat
ter in st. Paul L. Duluth. RealiZations
induced a reaction in the last hour, but the
close was steady to firm, at fractional
reductions from the best prices. The
evening, and St. Paul & Duluth
is up 3ss, Pullman lis, Western Union W,
Wheeling and Lake Shore 2, Colorado Coal
LIS, Northwestern ~ per cent. Railroad
bonds also felt the stimulus of the improved
sentiment on the street especially in the
afternoon developed n strong and confident
tone accompanied by a large increase in the
amount of business done. Sales to-day ag-
gregated s., $4,000. of which Fort Worth IL
Plate trust receipts S200O0O and Mexican
Central incomes S205, 900. Houston d Texas
seconds rose 3A to 110L. Government
bondg were duh and steady. The total sales
of stocks to-day were 266,034 shares in
Guiding:
Can. Southern 1,125 Northern Pac. $3.50
Del d Lacka.. 10, 900 do pref .. $500
Lake Shore. -. Is, 700 Reading 900. 81 ,O3O
Louisville & n. 491OSt. Paul. .. IS, 2IO
Manhattan c.. 1920 st. Paul & o.. $3.50
Northwestern. 22.510iW. Uionn. 81, 900